Shares of SEACOR Holdings (CKH) Sees Large Outflow of Money

SEACOR Holdings (CKH) : Money flow in the SEACOR Holdings (CKH) stock was negative (1.13 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $0.68 million, compared to $1.81 million on downticks. The total uptick to downtick ratio was 0.38, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.71 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.71 million, indicating persistent selling. SEACOR Holdings (CKH) traded $0.02 higher at $59.39 gaining 0.03% over the previous days close.


Also, Stifel Nicolaus initiates coverage on SEACOR Holdings (NYSE:CKH) The current rating of the shares is Hold. The rating by the firm was issued on August 24, 2016.

Shares of Seacor Holdings Inc. rose by 3.21% in the last five trading days and 7.26% for the last 4 weeks. Seacor Holdings Inc. is up 3.13% in the last 3-month period. Year-to-Date the stock performance stands at 12.73%.

SEACOR Holdings (NYSE:CKH): The stock opened at $59.64 on Tuesday but the bulls could not build on the opening and the stock topped out at $60.01 for the day. The stock traded down to $59.02 during the day, due to lack of any buying support eventually closed down at $59.25 with a loss of -0.20% for the day. The stock had closed at $59.37 on the previous day. The total traded volume was 121,011 shares.

In a related news, The officer (EVP/Chief Financial Officer), of Seacor Holdings Inc /New/, Cenac Matthew had unloaded 151 shares at $57.12 per share in a transaction on June 3, 2016. The total value of transaction was $8,625. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

SEACOR Holdings Inc. (SEACOR) is engaged in owning, operating, investing in and marketing equipment, primarily in the offshore oil and gas, shipping and logistics industries. The Company operates through four business segments: Offshore Marine Services, Inland River Services, Shipping Services and Illinois Corn Processing. The Offshore Marine Services segment operates a fleet of support vessels primarily servicing offshore oil and gas exploration, development and production facilities. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products. Shipping Services segment operates a fleet of United States flag marine transportation related assets. Illinois Corn Processing segment produces alcohol used in the food, beverage, industrial and petrochemical end-markets. It also offers emergency and crisis services, agricultural commodity trading and logistics, lending and leasing activities.

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